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abrah25 abrah25
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5 years ago
4. Which of the following is true of the Coase theorem?
a. It pertains to distributive objectives and social justice
. b. It addresses the private attainment of social efficiency and the conditions for its    attainment
. c. It implies that when bargaining between the parties to an externality is possible, social    efficiency cannot be achieved
. d. It underrates the role of government in assigning entitlements to private parties.
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Educator
5 years ago
(B) It addresses the private attainment of social efficiency and the conditions for its attainmen
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